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Nigerians import fewer cars amid high inflation, FX
« on: March 10, 2025, 07:00:19 AM »
Nigerians import fewer cars amid high inflation, FX

Nigerians imported fewer passenger motor cars in 2024 as rising inflation and the continued naira depreciation made foreign exchange more expensive, driving up the cost of vehicle imports. The latest data from the foreign trade report of the National Bureau of Statistics showed that the total value of passenger car imports fell by 14.3 per


 
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